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Intelligent Money

Chippy_Minton
Posts: 3,339 Forumite
Has anyone any experience of Intelligent Money? Mentioned in Martin's Cheapest Way to Buy Funds article. I sent them an email yesterday but haven't had a response. Doesn't bode well.
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Comments
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Why not try cavendish instead then and see if they get back to you quicker. They are better value than IM anyway. Martin's article is flawed...0
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Thanks for that Paul. I did contact Cavendish at the same time as IM and they answered my email the next day and a phone call to them was answered swiftly. IM still haven't responded, 2 working days later...
I've also concluded that Cavendish are better value than IM in the long run, with the added advantage of having access to FundsNetwork.0 -
paul666 wrote:Why not try cavendish instead then and see if they get back to you quicker. They are better value than IM anyway. Martin's article is flawed...
Cavendish will give it back less £10pa per fund.
So a rough calculation says anybody with 4 or more funds (worth £2000+ each) is better off with IM.0 -
Cavendish will give it back less £10pa per fund.
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It's £10 per account so you could have 3 peps and 4 isa with them, get 0.5% back on each of them and pay just a tenner for all of them.
the sum is a tenner. a tenner for the whole. a tenner in the entirety. the full amount payable is a tenner. It's a tenner in totality. I've seen it. It's true, it exists. It's real.
£25 cheaper than IM.
As I said, Martin's article is wrong.0 -
Look at Cavendish's own web site.Charges
Annual service charge £10.00 pa per plan. This fee is taken automatically from the renewal commission received.Each plan is treated separately; so if you have four plans, three of which earn £5.00 commission in the year and one that earns £50.00, we will pay you a £40.00 commission rebate.0 -
web site...0
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Hello, Cavendish here.
Thanks to Paul666 for advising us of this thread.
Our renewal commission service charge is £10.00 per plan and a plan is defined as an account number.
The reason that we ask clients to use Fidelity’s Fundsnetwork is because all of your ISAs and Peps would be under one account number and all of your “unwrapped” funds (OEICs) would be under another. Therefore you can have as many funds as you like in the scheme and it is still only £10.00 per annum (max. - £20.00) with all other commission rebated.
I am not sure what IM’s charges are for new plans, but once you’ve set up an account with Fidelity’s Fundsnetwork you can make next year’s ISA contribution online without paying us a fee.
One thing this shows is that we need to make our website clearer!
If you have any queries on this please contact Cavendish Online (08456 442544).
Regards, and thanks again to Paul666
Cavendish“Official Company Representative
I am the official company representative of Cavendish Online. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"0 -
The original IM / CO thread is here -
http://forums.moneysavingexpert.com/showthread.html?t=131&page=6&pp=100 -
Ah, I get it (at last). So by using the Funds Network you can combine everything into 1 or 2 plans.
And yes, I'd say the web site does need clarifying!
Apologies to paul666 for doubting you.0 -
Apologies to paul666 for doubting you.0
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